Alternative Harvest ETF - Pass the profits to the left hand side
Buy ETFMG Alternative Harvest (MJ.US)
ETFMG Alternative Harvest ETF is an exchange-traded fund incorporated in the USA. The Fund seeks total return performance of the Prime Alternative Harvest Index, which tracks companies likely to benefit from the increasing global acceptance of various uses of the cannabis plant.
Market Cap: $764Million
Cannabis stocks have attracted fresh buying interest in recent days having traded in a terrible downtrend for many months. The ETF has broken out of an ending wedge formation and looks set to unwind some of the short interest that has accumulated over recent months. There are several levels to target on the upside with the ultimate price target being around 52% above yesterdays closing price.
Stop: 15.72
Target 1: 20.15
Target 2: 23.18
Target 3: 27.10
ETFMG Alternative Harvest ETF is an exchange-traded fund incorporated in the USA. The Fund seeks total return performance of the Prime Alternative Harvest Index, which tracks companies likely to benefit from the increasing global acceptance of various uses of the cannabis plant.
Market Cap: $764Million
Cannabis stocks have attracted fresh buying interest in recent days having traded in a terrible downtrend for many months. The ETF has broken out of an ending wedge formation and looks set to unwind some of the short interest that has accumulated over recent months. There are several levels to target on the upside with the ultimate price target being around 52% above yesterdays closing price.
Stop: 15.72
Target 1: 20.15
Target 2: 23.18
Target 3: 27.10